Wu said that according to Dongwang, Hong Kong Legislative Council member Wu Jiezhuang revealed that the Hong Kong government is about to conduct a second round of consultation on the "Public Consultation on Legislative Proposals for Regulating Off exchange Trading of Virtual Assets". Due to the frequent occurrence of related fraud cases in recent times and the increased risk of regulatory vacuum, licensed exchanges must be used. Wu Jiezhuang also stated that the current legislation on over-the-counter (OTC) trading of virtual assets has not yet come into effect, and any self proclaimed "licensed OTC trader" is misleading. Currently, there is no Hong Kong government department issuing a license for OTC trading of virtual assets. https://www. (wublock123.com)/index.php? m=content&c=index&a=show&catid=6&id=41283